Active Provider

Providing for your family is first in your life and that even extends into your relationship with personal finances. You are looking for security and ways to pay your monthly bills and eventually tackle that debt. You’ve got a lot going on in your life and you’re juggling taking care of your family, so taking care of your finances may seem like a daunting task. You likely live life in the moment, rather than following a strict plan.

Stress over managing your finances

Feel confident creating short-term goals on your own

Motivated to provide for your family

18 percent of people in the U.S. are just like you

You Consider Finances Daunting

Sometimes you feel that managing your finances can feel challenging. Day-to-day your monthly bills and debts may be weighing on your mind. You probably feel constrained by your current financial situation. It's tough to find the time and motivation to learn about financial products because you're so busy with everything else. That's okay! When you have a second, take some time to read bite sized information on finance and what may work best for your family. Like many other Americans, you feel that your top challenge is saving for the future, but that’s also your top financial goal. In fact, more than 80% of your fellow Active Providers wish they knew more about planning for retirement.

preferred financial representative involvement level 35% prefer assistance and 5% prefer no assistance allocating portfolio 29% prefer assistance and 5% prefer no assistance choosing individual investments 22% prefer assistance and 3% prefer no assistance understanding different financial products 21% prefer assistance and 7% prefer no assistance finding the right financial products

You Could Use a Little Help From Your Friends

Creating and following a financial plan may not be something you enjoy, but with everything you have on your plate, that’s understandable! Since you may consider finances daunting, you could ask around for a little help. Ask a trusted friend or family member if they have a financial representative they would recommend. A representative could help you do the heavy lifting, such as allocating your portfolio and choosing individual investments — the things you may not want to do on your own. You may be surprised at the amount of money needed to save for your future. You feel confident about setting short-term goals for yourself, but you prefer to have a financial representative help you with the long-term goals. If you don't have a representative yet, don’t feel alone. Only 17% of Active Providers have a financial representative.

Let Us Help

active provider having water fight with child

You're Motivated by the Future

Your motivations to purchase financial products are to be worry-free and to provide for your family. Also, you hope to one day be financially independent and feel secure about your finances. Of course, you want to choose products that give you a good return on your investments. As you get a little older, you may view life events differently. If you’ve had a friend or family member go through a difficult health or financial situation, that may also be a motivator for you. Traditional life events, such as children or grandchildren, may have caused you to think about your financial portfolio and consider financial products and services.

All Financial Styles

Articles Just For You

When you have a second, take some time to read bite sized information on finance and what may work best for your family.

Budgeting for a Baby: A Financial Planning Checklist for New Parents

How Roth IRA Conversions Could Fit Into Retirement Planning

Budgeting for a Second Child & Beyond

Take Control of Your Finances With Our Financial Planning Checklist

Retirement Planning: Will You & Your Spouse Retire at the Same Time?

We Can Try to Help Make It a Little Easier

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Give us a call 866-832-7714 866-832-7714

financial attitudes of the united states segmentation study

Want More of the Detailed Data?

Download our full research report to learn more about how we conducted the research and to see more data behind your financial style.

Download Financial Attitudes of the U.S. Segmentation Study (PDF)

IMPORTANT DISCLOSURES

^*Based on the statistically relevant population within the U.S. market was surveyed within the following parameters: Ages 25-70, minimum household income of $40,000, primary or shared financial decision-makers, and openness to the idea of financial products.

Research study conducted in 2018 by Western & Southern Financial Group. Quantitative and qualitative study of financial attitudes of the U.S. within ages 25-70; $40K+ household income; and openness to financial products. Six categories emerged based upon cluster analysis of a variety of attitudes regarding financial motivations. An algorithm guides the placement of participants into a segment based upon answers to the key differentiating data points.